Dynatrace (NYSE:DT) Sets New 12-Month High on Analyst Upgrade

Shares of Dynatrace, Inc. (NYSE:DT) reached a new 52-week high during mid-day trading on Monday after Needham & Company LLC upgraded the stock from a hold rating to a buy rating. Needham & Company LLC now has a $68.00 price target on the stock. Dynatrace traded as high as $57.23 and last traded at $55.5260, with a volume of 11514070 shares trading hands. The stock had previously closed at $55.14.

A number of other equities research analysts have also recently issued reports on DT. Cantor Fitzgerald boosted their target price on shares of Dynatrace from $37.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Scotiabank reaffirmed an “outperform” rating and set a $61.00 price objective on shares of Dynatrace in a report on Thursday, August 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $52.00 target price on shares of Dynatrace in a research note on Tuesday, August 4th. BTIG Research reiterated a “buy” rating and set a $62.00 price objective on shares of Dynatrace in a research report on Tuesday, September 15th. Finally, Wedbush lowered Dynatrace from an “outperform” rating to a “neutral” rating and set a $54.00 price objective for the company. in a report on Thursday, September 10th. Twenty-three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $56.07.

Institutional Investors Weigh In On Dynatrace

Institutional investors have recently added to or reduced their stakes in the company. RHL Group LLC bought a new stake in shares of Dynatrace during the fourth quarter worth $30,000. CX Institutional boosted its position in Dynatrace by 1,119.0% during the second quarter. CX Institutional now owns 707 shares of the company’s stock worth $31,000 after purchasing an additional 649 shares in the last quarter. Brown Lisle Cummings Inc. boosted its position in Dynatrace by 218.8% in the 1st quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company’s stock valued at $29,000 after buying an additional 547 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Dynatrace by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 809 shares of the company’s stock worth $35,000 after buying an additional 508 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of Dynatrace by 577.2% in the first quarter. SJS Investment Consulting Inc. now owns 1,483 shares of the company’s stock worth $55,000 after buying an additional 1,264 shares during the period. 94.28% of the stock is owned by institutional investors.

Dynatrace Stock Up 1.4%

The stock has a market capitalization of $16.16 billion, a price-to-earnings ratio of 111.30, a price-to-earnings-growth ratio of 3.39 and a beta of 0.74. The stock’s 50-day simple moving average is $48.79 and its 200 day simple moving average is $42.64.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $554.55 million during the quarter, compared to the consensus estimate of $550.01 million. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.The business’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. As a group, equities research analysts anticipate that Dynatrace, Inc. will post 1.11 earnings per share for the current year.

Dynatrace Company Profile

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating cloud, hybrid, and multicloud environments. Its platform is designed to help businesses monitor the performance, availability, and security of applications, infrastructure, networks, and user experiences from a unified environment.

The company’s offerings include application performance monitoring, infrastructure and cloud monitoring, log and analytics capabilities, digital experience monitoring, application security, and software delivery insights.